Fix Beginning Balance Issues in QuickBooks Desktop and Online

Rovman Powell05 Jul, 2024Business

To fix beginning balance issues in QuickBooks Online or Desktop, start by reviewing the original opening balance for the account. The opening balance is the starting point for accounts in QuickBooks and if it's incorrect, it affects all future reconciliations. Next, check your bank statement to ensure you're reconciling the correct account for the correct month. If your account is connected to online banking, match and categorize all downloaded transactions before starting reconciliation. If there are any discrepancies, review the discrepancy report to decide if and how to make changes. Once you know your beginning balance is correct, you can start reconciling your account. If you've followed the steps but still have questions, visit our website and get your issue fixed.